As the industrial environment becomes more competitive, supply chain management(SCM) has become recognized as a major strategy in the business world. Despite its current widespread popularity, its basic concepts are confused with those of other exiting logistic tools and not clearly understood. This paper introduces the current status of SCM in terms of physical logistics, interrelationship with other logistic tools as well as the general history and definitions of SCM. Researches are categorized into deterministic models, stochastic models, simulation models, and several future research areas are discussed in this paper.